Search results

For sure - I gather that around $2bn has been spent so far on this project. But all of it has been equity from the shareholders on "long lead time items". A large number of deadlines for gaining finance have gone whizzing by, which has meant more and more equity required to keep going with...

Ryangler has it right. The work to date has all been done on equity. Debt was still being secured - I don't know if they have actually achieved that yet. It would be a small miracle given the incompetence of the development team to date - and I don't say that lightly. I have never seen an...

Just to clarify the effect of iron ore exports in particular compared to agriculture exports: - Lately (2010-2013) the value of agricultural exports has hovered in the low $30bn range per annum. - The equivalent value of iron ore exports in the same period has hovered in the $50bn - $60bn range...

Sorry Aaron - from the RBA: Another interesting graph I thought I'd post just for kicks: Kinda shows where our jobs really are - even allowing for a significant slab of service industry jobs resulting from the mining industry still shows plenty of other industries are just as...

Well there's a voice of reason......

This thread is hilarious! A few points: - Iron ore got down to $86/tonne last year but Perth is still here. $144/tonne is a fantastic price - everyone is making good money. $100/tonne would still be a good price - I'm not aware of any major producer with costs that high (Atlas may be close...